Wunderlich Securities Reiterates Tower Group Buy

Wunderlich Securities reiterated its Tower Group TWGP Buy rating and $32 price target in a research report published today. In the report, Wunderlich Securities states, "We believe that by exceeding expectations and profitability and conservatively building the top line, TWGP has created an opportunity to invest in a premium model at a discounted valuation. In 2Q11, TWGP overcame weather losses and soft market pricing to produce solid profit and top-line growth." Shares of Tower Group were trading at $20.87 at the time of posting, up 4.04% from Monday's market close.